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Pacific Ink had beginning work-in-process inventory of $757,330 on October 1. Of this amount, $399,910 was the cost of direct materials and $357,420 was the
Pacific Ink had beginning work-in-process inventory of $757,330 on October 1. Of this amount, $399,910 was the cost of direct materials and $357,420 was the cost of conversion. The 24,200 units in the beginning inventory were 30 percent complete with respect to both direct materials and conversion costs During October, 59,200 units were transferred out and 13,000 remained in ending inventory. The units in ending inventory were 75 percent complete with respect to direct materials and 40 percent complete with respect to conversion costs. Costs incurred during the period amounted to $1,599,640 for direct materials and $2,025,380 for conversion Required Compute the costs of goods transferred out and the ending inventory using the weighted-average methood (Omit the "$" sign in your response.) Cost of goods transferred out Ending inventory
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